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Speaker 1: Is now hitting back, retaliating against the Trump tariffs, announcing

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Speaker 1: this morning it is now slapping a reciprocal thirty four

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Speaker 1: percent tariff on all US goods with stock futures.

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Speaker 2: I mean, this is not looking good.

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Speaker 1: The next piece of data that investors and beyond are

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Speaker 1: also going to be looking at this morning as the

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Speaker 1: March jobs report it comes out next hour today, labor

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Speaker 1: data has painted a picture of a jobs market that's.

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Speaker 2: Cooling but not contracting. Is that all about to change?

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Speaker 3: Absolutely?

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Speaker 4: I mean we're looking at absolutely brutal reaction from the

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Speaker 4: markets yesterday, and it could easily get a lot worse

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Speaker 4: today because we are starting to see the beginning of

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Speaker 4: the retaliation and there's no way of putting it. We

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Speaker 4: are sliding into a major trade war. And the last

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Speaker 4: time we saw anything like this was almost one hundred

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Speaker 4: years ago, back in the nineteen thirties, when we had

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Speaker 4: a wave of protectionism and populism and patriotism and nice

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Speaker 4: word for nationalism that ended very badly. So Frank looking

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Speaker 4: back to the future right now, is a very good

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Speaker 4: guy to what's happening.

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Speaker 5: I want to read to you something that Steve Bannon

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Speaker 5: told the Wall Street Journal that he said, when it

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Speaker 5: comes to negotiating with other countries, every day will be

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Speaker 5: like Christmas.

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Speaker 2: At the end of the day.

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Speaker 5: What really excites him is talking about a deal with Canada,

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Speaker 5: having wig Cough update him on Russia, and then whatever

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Speaker 5: small wins he gets, they're going to act like it's

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Speaker 5: a big giant win and run a victory lap. That's

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Speaker 5: all great for the show.

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Speaker 2: And this goes back to what I said.

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Speaker 5: Donald Trump is great at the show and the performance.

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Speaker 5: But we could see businesses be forced to restructure.

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Speaker 2: Right.

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Speaker 5: Think about any business justin that's in a shopping mall. Right,

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Speaker 5: where are all the products made at those stores overseas?

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Speaker 5: And right now they're going to be crippled. It's not

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Speaker 5: just like they're going to have to change the price tags.

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Speaker 5: They're going to be putting signs in the windows twenty

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Speaker 5: five percent more expensive.

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Speaker 2: Why tariffs?

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Speaker 6: Yeah, I mean so Trump claims day's a reciprocal tariffs.

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Speaker 2: And that sort of say.

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Speaker 6: Is he says, you know, we're getting ripped off. So therefore,

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Speaker 6: in Trump's mind, the stakes here are really high that

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Speaker 6: if he strikes a deal, he'll be able to stop

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Speaker 6: us getting ripped off. The problem with that is it

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Speaker 6: simply isn't true. Most of our trading partners have average

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Speaker 6: tariff rates of one to two percent.

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Speaker 3: Trump is about to move the United States to twenty percent.

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Speaker 6: We will have tenfold higher tariff rates than any other country.

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Speaker 6: Even if he strikes all the best deals in the world,

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Speaker 6: he'll be only able to reduce tariff rates by one

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Speaker 6: to two percent, because that's all they currently are. He's

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Speaker 6: starting a fight where there's no table stakes.

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Speaker 2: When you win.

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Speaker 7: Let me kind of give you the economist tools because

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Speaker 7: it's based on concepts like export and important demand elasticity's

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Speaker 7: currency adjustments and things like that. But here's here's the

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Speaker 7: analytical issue we're trying to do. Under the principle that

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Speaker 7: the president wants to charge those countries.

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Speaker 2: What they charge us.

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Speaker 7: As you point out out, Vietnam has a non terriff

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Speaker 7: applied teriff, right, it's much larger than ours, but doesn't

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Speaker 7: come near the terriff we charge them. So question is

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Speaker 7: how do you value the following phil So let me

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Speaker 7: count the ways you got to value currency manipulation.

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Speaker 3: You got to value the.

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Speaker 7: Vat tax distortions, dumping, exports, subsidies, technical barriers to trade,

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Speaker 7: agricultural barriers, to trade quotas, bands, counterfeiting, intellectual property theft,

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Speaker 7: and all of that.

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Speaker 3: So here's the punchline.

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Speaker 7: If you look at the trade deficit which every country

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Speaker 7: runs from us, the first thing economists should tell you

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Speaker 7: ask the next one you have on your show. Shouldn't

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Speaker 7: you and have chronic and sustain trade deficits. No, there's

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Speaker 7: According to economic theory, they should not. So what the

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Speaker 7: trade deficit does for any given country, It's the sum

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Speaker 7: of all cheating, It's the sum of all.

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Speaker 3: Unfair trade practices.

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Speaker 7: And in a national emergency, where the trade deficit itself

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Speaker 7: is the national emergency and security thread because it takes

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Speaker 7: our factories, our jobs, and transfers wealth abroad, the reciprocal

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Speaker 7: tariff is that which reduces the trade deficit with each cost.

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Speaker 3: I actually here problem.

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Speaker 8: This is just Trump gone hauled wild, willy nilly. Nobody

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Speaker 8: knows what's going on, even at the White House. I mean,

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Speaker 8: when they announced this, Trump and the roast gard and

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Speaker 8: had his whole chart next to him. Fair enough, let's

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Speaker 8: look at the tariff chart. But go pull up the

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Speaker 8: White House website and you'll see something totally different. On

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Speaker 8: tariff numbers they don't know what they're doing. We are

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Speaker 8: dealing with a dangerous amateur hour in this White House,

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Speaker 8: and everybody's lives are going to be affected by this

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Speaker 8: because if this kicks in like we think, you're going

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Speaker 8: to see prices of smartphones go up. Produce avocados is

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Speaker 8: the one people are mainly focused on. But any kind

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Speaker 8: of you know, eric medicine that you might need to

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Speaker 8: have a cheaper type of prescription then you would get

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Speaker 8: normally from your pharmacy. Once you go on and on,

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Speaker 8: this could unravel and nobody has confidence that Trump really

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Speaker 8: knows what he's doing. He just wants to do something

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Speaker 8: audacious and big.

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Speaker 9: I can tell you this right now, what we're seeing

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Speaker 9: was positive. It was we blew it out of the water.

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Speaker 9: Even all the economists that looked.

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Speaker 2: At this thought we.

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Speaker 9: Were going to have a depressed jobs report and we didn't.

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Speaker 9: So that's a testament to the president the economic output

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Speaker 9: that he is doing. Look at the Rose garden that

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Speaker 9: we had the other day.

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Speaker 2: Who was in the audience. It was all the American workers.

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Speaker 9: We had our Team Shirs there, we had our United

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Speaker 9: Auto Workers there. We're seeing those investments pay off, and

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Speaker 9: I would expect that to continue.

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Speaker 3: This is the primal screen of a dying regime.

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Speaker 10: Pray for our enemies because we're going to medieval on

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Speaker 10: These people here got a free shot.

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Speaker 3: All these networks lying about the people. The people have

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Speaker 3: pad a belly full of it. I know you don't

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Speaker 3: like hearing that. I know you've tried to do everything

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Speaker 3: in the world to stop that, but you're not going

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Speaker 3: to stop it. It's going to happen.

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Speaker 2: And where do people like that go to share the

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Speaker 2: big line? Mega media?

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Speaker 10: I wish in my soul, I wish that any of

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Speaker 10: these people had a conscience.

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Speaker 3: Ask yourself, what is my task and what is my purpose?

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Speaker 11: If that answer is to save my country, this country.

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Speaker 3: Will be saved. War Room, use your host, Stephen k Back.

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Speaker 10: It's Friday for April in the year of Alert twenty

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Speaker 10: twenty five. Day two gets us the morning of the

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Speaker 10: morning after.

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Speaker 3: The war Room.

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Speaker 10: Engine Room Today reported that CNBC called it the fog

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Speaker 10: of tariffs. I have to pull that club. It's not

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Speaker 10: so foggy here. I'm just going to see this thing

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Speaker 10: through a complete total reorganization of the world's economic system,

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Speaker 10: trading system, and at the same time a reordering of

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Speaker 10: the world's geopolitical or geostrategic by one man, Donald Trump,

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Speaker 10: that is executing this today, just put out another tweet, Hey,

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Speaker 10: for everybody investing in the United States, I'm rock hard

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Speaker 10: here on policy, not going to move. We're dug in,

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Speaker 10: my sources tell me, and we're fairly dialed in at

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Speaker 10: these countries around the world. They're signing up people like

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Speaker 10: crazy to come to Washington, d C. To surrender and

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Speaker 10: say yes, may a coopa, may a coopa, may a

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Speaker 10: maximum coopa.

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Speaker 3: We are we are, we are.

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Speaker 10: Wrong to have not just tariffs king look of terriffs,

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Speaker 10: but the non tariff barriers to stop American goods being sold.

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Speaker 10: Just go around the world. If you travel around the world,

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Speaker 10: how many how many UH cars you see in Japan?

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Speaker 5: None?

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Speaker 3: How many American cars see in career? None?

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Speaker 10: How many American cars you see in Europe very few,

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Speaker 10: next to none. How many in Germany definitely none?

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Speaker 3: Speaking of career, And get to that in a moment.

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Speaker 10: The judicial insurrections, just not in federal court in Washington,

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Speaker 10: d C. Where a judge who should we should start

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Speaker 10: impeachment hearings next week, is trying to insert himself between

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Speaker 10: the commander in chief and the commander in chiefs responsibilities

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Speaker 10: South Korea. They removed the president last night. I would

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Speaker 10: certainly hope that somebody in the State Department, somebody the

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Speaker 10: Defense Department is on is on watch here. I would

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Speaker 10: argue that the South Koreans are one of our principal allies,

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Speaker 10: and we're going to lose the South Korean Peninsula and

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Speaker 10: all those good folks. And I don't know twenty eight

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Speaker 10: thousand American troops that are there.

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Speaker 3: More than that.

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Speaker 10: In a moment, we're gonna play a clip and then

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Speaker 10: bring in Colonel John Mills. Sherlikum is gonna be in

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Speaker 10: later as a businessman, a guy that had his life

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Speaker 10: turned upside down because of this, and he's asked for

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Speaker 10: us to sustain terraffs, whatever the number is.

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Speaker 3: He loves President Trump's.

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Speaker 10: Plan, but as all small businessmen, and we can revitalize

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Speaker 10: this country with small and medium sized manufacturing. It can

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Speaker 10: be done, and it will be done if you stick,

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Speaker 10: if you just hold the line, don't let that. Don't

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Speaker 10: let the melt down on Wall Street because it's temporary.

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Speaker 3: It's all good.

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Speaker 10: It's been quite orderly, and you got Katie Terry get

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Speaker 10: all these people running around.

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Speaker 3: They're trying to instigate a crash. You know this. They

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Speaker 3: think this is their new way to take out Trump.

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Speaker 10: They can't get in on the signal chat, they can't

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Speaker 10: do it in the streets. They can't do it the

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Speaker 10: tel dealerships. Everything they do is not to help the country.

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Speaker 10: It's to it's to take on Trumpe. One thing is

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Speaker 10: quite evident is Ezra Klein's book Abundance, which I think

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Speaker 10: comes to these kind of weird and wrong conclusions, but

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Speaker 10: it's quite brilliant in its analysis of the credential class,

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Speaker 10: what the Democratic Party's becoming to the credential class.

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Speaker 3: And you see it right here in tariffs.

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Speaker 10: You never see the working through of how this helps

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Speaker 10: America and American workers. All you have is running around

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Speaker 10: repeating the same talking points that the Wall Street crowd

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Speaker 10: wants to give it to you. I don't know if

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Speaker 10: you have it the New York Times, I think it

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Speaker 10: got to you. The New York Times article they exposed

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Speaker 10: themselves to their big article. Their lead article about this

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Speaker 10: whole thing is how a house essentially a house for millionaires,

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Speaker 10: How a house for millionaires is going to cost more

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Speaker 10: because Trump's tariffs means that either the goods from overseas

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Speaker 10: that we shouldn't be using to build these houses is

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Speaker 10: going to cost more, or it's going to come back

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Speaker 10: to the United States. And oh, by the way, they

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Speaker 10: throw in they say, not just the goods, but then

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Speaker 10: they throw in the twenty five percent of the construction

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Speaker 10: industries illegal alien slaves. And they imply in the article

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Speaker 10: that's all good. This is why in the Rose Garden

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Speaker 10: you had union people, union people cheering on President Trump.

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Speaker 10: The trade deficit accumulate. Our debt is thirty seven trade

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Speaker 10: and thirty eight t exploding every day because they're not

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Speaker 10: dealing with it. And oh, by the way, elon, before

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Speaker 10: you leave town, I just need you to check in

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Speaker 10: and show me where the trading dollars of cuts are.

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Speaker 10: We're your biggest supporters, we're your biggest supporters. We need

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Speaker 10: to see set it the other day, trading dollars this year.

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Speaker 10: I need to see that. This is urgent. It's an

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Speaker 10: urgent request. We need to see it and for cash

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Speaker 10: for town. Pambondi, our brothers and sisters over the Justice Department,

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Speaker 10: will you please start just announce you got a grand jury.

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Speaker 10: It's a tree dollars in fraud, Just give me a name.

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Speaker 10: This is like now our version. We have to own this.

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Speaker 10: This is our version. We got to own it. Folks,

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Speaker 10: we're saying it's tree dolls and in fraud and wasted.

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Speaker 10: You're all these mean guys are running around, They're calling

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Speaker 10: call hey, I'm all good, I'm all good.

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Speaker 3: We need the trade dollars a cut.

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Speaker 10: I need to see Russ vote or somebody actually sign off.

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Speaker 10: And in pound, let's have anything doing pound wherever that

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Speaker 10: money went boom and pounded. And I need to see

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Speaker 10: one name, just like in HB one visas of the

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Speaker 10: mains that are here, show me one one visa, one

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Speaker 10: that's more educated or has more work experience for the

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Speaker 10: billet they took. Please show me that same for us.

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Speaker 10: Let's have a cell phone here, yo, cash, Yo Pam.

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Speaker 10: Can I have one name, just one, give me one name.

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Speaker 10: On fraud, there should be men's names, and we want them.

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Speaker 10: All that has to happen. If you've stolen this money

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Speaker 10: from taxpayers, everybody in the chain of command ought to

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Speaker 10: be indicted, and the people that actually took the money

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Speaker 10: ended up with ought to be indicted. Got to do it.

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Speaker 10: So the thirty seven train of debt. But remember the

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Speaker 10: other big number that's industrictly linked. Wall Street never wants

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Speaker 10: to talk about. If you google, something is not easy

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Speaker 10: to find. That's on purpose, Like google total medicaid spending.

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Speaker 3: You can't find it.

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Speaker 10: You got to go to like nine places and do

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Speaker 10: all kind of backflips. It's like what the White House

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Speaker 10: had to do with the reciprocal terrorists. The globalists don't

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Speaker 10: want to put that up there. The trade deficiency is

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Speaker 10: since China came in, since we allowed China most Favored

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Speaker 10: Nation and World Trade Organization eighteen tradion dollars, the United

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Speaker 10: States eighteen trading dollars sixty two percent.

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Speaker 3: I think of our.

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Speaker 10: GDP twenty five tradeing dollars if you take it from

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Speaker 10: when the first trade deficit occurred in nineteen seventy four,

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Speaker 10: man oh Man, Nixon, Carter Watergate, all of it, the

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Speaker 10: arab olmbargo going off the gold standard, starting the trade

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Speaker 10: deficits seventies time of turmoil. Took Ronald Reagan and Paul

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Speaker 10: Volker to sort that thing out. Now we got Scott

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Speaker 10: Bessant and President Trump. The fog of tariffs. Trump is

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Speaker 10: not going to blink. You're going to see the world's blinking.

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Speaker 10: And the more they throw Jillian ted A the ft

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Speaker 10: up there and she's her hair is on fire, and

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Speaker 10: that's the worst thing. I'll play that again. This is

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Speaker 10: the worst populism. And then Smoot Harley. How many times

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Speaker 10: is it going to beat the horse of Smoot Harley

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Speaker 10: to death? It's a different error, different deal. President Trump

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Speaker 10: enforcing his will, That's what this is about. This is

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Speaker 10: a test of wills. Right now, folks, maga, are you

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Speaker 10: up on the ramparts?

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Speaker 3: We got his back. Short break.

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Speaker 10: We're going to discuss that next confuse your host Stephen

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Speaker 10: came back. Okay, I just gave that truck for the

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Speaker 10: New York Times. Let's let's tell you what. Let's play

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Speaker 10: the clip. Let's play the clip we're gonna produce your life.

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Speaker 10: Let's play the clip we just played in the last

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Speaker 10: segment on the jobs thing. Tell me when it's ready,

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Speaker 10: just hang, just tell me when it's ready. The President

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Speaker 10: Trump's dug in his true social I want to thank

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Speaker 10: the great Matt Boyle give me a heads up on this,

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Speaker 10: because we've been juggling a lot of balls here in

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Speaker 10: the war room this morning. Trump is dug in as

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Speaker 10: he should be dug in. Let's play this clip. This

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Speaker 10: is from the Department of Labor today over at I

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Speaker 10: think they're on CNBC early this morning.

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Speaker 3: Play quick one and we'll come back.

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Speaker 9: I can tell you this right now, what we're seeing

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Speaker 9: was positive. It was we blew it out of the water.

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Speaker 9: Even all the economists that looked at this thought we

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Speaker 9: were going to have a depressed jobs report and we didn't.

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Speaker 9: So that's a testament to the president, the economic output

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Speaker 9: that he is doing.

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Speaker 2: Look at the Rose and that we had the other day.

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Speaker 2: Who was in the audience. It was all the American workers.

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Speaker 9: We had our Team Stirs there, we had our United

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Speaker 9: Auto Workers there. We're seeing those investments pay off and

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Speaker 9: I would expect that to continue.

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Speaker 3: Okay, a blowout number.

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Speaker 10: President Trump is putting up true socials this morning, you know,

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Speaker 10: reinforcing he's dug in here in the reciprocity.

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Speaker 3: In the market.

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Speaker 10: You know it's down, but hey, it's it's people got

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Speaker 10: to think through a lot of this is juice, the Dolgons, industrials,

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Speaker 10: juice by the Max seven.

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Speaker 3: It's all.

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Speaker 10: It's all the AI hype in big tech oligarchs. Excuse me,

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Speaker 10: that's not mainstream, that's not the country. What President Trump

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Speaker 10: is doing is fundamental to this nation. You can't live

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Speaker 10: with a twenty five three dollars trade deficit. That's money

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Speaker 10: twenty five trillion dollars has gone out of this nation

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Speaker 10: to buy goods from foreign sources that gained the system,

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Speaker 10: principally in China. And eight the deficit since China's come

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Speaker 10: in is in the early two thousands. Think formerly all

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Speaker 10: in is is eighteen trillion dollars. I have on Getter

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Speaker 10: this morning. If you haven't gotten Ghetter, it's a free app.

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Speaker 10: Go together, because this is where I'm putting up stuff

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Speaker 10: all night. If we can pull that. A Warren Buffett

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Speaker 10: article The Oracle Omaha in two thousand and three, when

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Speaker 10: the trade episode was virtually it was big, but it

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Speaker 10: was nothing compared to today, saying it's the end of

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Speaker 10: the country unless we take care of this. Ezra Klein's

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Speaker 10: book says the Democrat the credential class are like those

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Speaker 10: little kids in school. Remember in grade school, all the

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Speaker 10: suck ups and I'm sorry, this sat in the front

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Speaker 10: of the class and teacher, teacher, teacher, It's all about

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Speaker 10: processes and the turnaround.

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Speaker 3: Hey Bannon's you.

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Speaker 10: Know, goofing off in the back. That's what the Democrat

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Speaker 10: Party is. He's a little thing, you know. Oh you

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Speaker 10: got a signal and you got the terrible running around.

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Speaker 10: It's all processed to them. If you outside of their bandwidth,

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Speaker 10: what they understand is the process, and their bandwidth is

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Speaker 10: quite tight and tiny and only thinks of citizens of

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Speaker 10: the world. We want every nation to thrive and prosper,

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Speaker 10: but not at the expense of American workers. That's the

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Speaker 10: system we have today that the top one percent or

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Speaker 10: the top three percent gleaned it all, because that's the

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Speaker 10: connective tissue to the globalist apparatus they have set up

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Speaker 10: and let evolve to the detriment of this country. That

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Speaker 10: is the raisindetra of Donald John Trump. This is the

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Speaker 10: core of his being. This is why he ran for

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Speaker 10: public office. This is why he didn't flinch when they

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Speaker 10: came after him to throw him in prison. This is

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Speaker 10: why I didn't flinch when they brought the phony charges

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Speaker 10: about him, you know, assaulting women. This is why he

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Speaker 10: didn't flinch when they tried to bankrupt him. This is

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Speaker 10: why he's never flinched. He's an armor piercing shell. He

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Speaker 10: has gone to the globalist apparatus and hammer them trauma

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Speaker 10: inducing hammering. They're not even making any sense when you

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Speaker 10: see on TV and you got Financial Times in New

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Speaker 10: York Times, and it's all a taro babbel, it's all gobbledy.

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Speaker 3: Gook it is.

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Speaker 10: My beloved mother used to say, they can't even get

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Speaker 10: their narrative. It's just he's done something different. And then

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Speaker 10: the Rose Garden who stepped up to the mic, a

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Speaker 10: union guy, a union guy. If we can go to

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Speaker 10: get if we can go to my getter Bloomberg. Now

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Speaker 10: Bloomberg has two Bloomberg has three things, and Michael Bloomberg's

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Speaker 10: worth I don't know eight BA and I was a

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Speaker 10: hundred billion dollars.

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Speaker 3: Because he's a bond trader. He's got an idea. His

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Speaker 3: big idea is what about if we put.

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Speaker 10: All the information on Earth that comes across this thing

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Speaker 10: called the wire and later the Internet, right on a terminal.

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Speaker 10: So a bond trader that has to make decisions in

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Speaker 10: a moment, in a moment's notice about what's happening in

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Speaker 10: the world. By the way, the ten year Treasury is

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Speaker 10: at under four percent. Gold's backed off a little. That's

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Speaker 10: one of the reasons I think you can tell that

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Speaker 10: it's not a total meltdown. Otherwise they'd be pounding in

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Speaker 10: gold like nobody's business on the Bloomberg's got three. He's

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Speaker 10: got the TV. If you ever want to see news,

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Speaker 10: the one we monitor the most, msnbceing Bloomberg TV.

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Speaker 3: Bloomberg TV.

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Speaker 10: I love if you ever feel lone in want companionship,

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Speaker 10: you know, the middle of the night and you know,

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Speaker 10: maybe the bad habits you want to get away from,

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Speaker 10: maybe having another beer, doing whatever you're doing, have another

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Speaker 10: piece of chocolate cake cut On bloomber TV. It's twenty

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Speaker 10: four hour news. Now it's business news, but it's covering

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Speaker 10: the news twenty four seven. It's actually like you're sitting

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Speaker 10: in the situation room. You get twenty four seven Asian

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Speaker 10: markets open, European markets open, then the back to the

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Speaker 10: United States.

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Speaker 3: It starts to cycle over again. He's got that.

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Speaker 10: He's got the Bloomberg News and opinion and all those

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Speaker 10: sorts of things. Right the other day, Josh Green over

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Speaker 10: Bloomberg News, who covers President Trump in the White House

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Speaker 10: moderated the panel. I was on.

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Speaker 3: But then you have what it's called.

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Speaker 10: The terminal, and the terminal gets information to the people.

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Speaker 10: Pay a ton for the terminal. Don't know, it's one

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Speaker 10: hundred thousand bucks a month or so. It's an outrageous number.

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Speaker 10: And this is why Bloomberg's with one hundred million dollars.

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Speaker 10: It's the terminal to the bond traders, and it connects

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Speaker 10: all the capital markets in the world.

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Speaker 3: Every desk that's important in the world has connected to this.

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Speaker 10: So if you're on the terminal news, the Bloomberg people

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Speaker 10: who are curating this and want to make sure that

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Speaker 10: get paid that one hundred thousand dollars on each terminal,

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Speaker 10: make sure that this news is meaningful to reality, meaningful

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Speaker 10: to reality, So they don't put a lot of opinion

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Speaker 10: up there. This is hard news that people can take

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Speaker 10: and they can absorb it. And lo and behold what

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Speaker 10: is up on the Bloomberg terminal today?

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Speaker 3: Lordy, lordy, LORDI.

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Speaker 10: Republicans are looking at a good old fashioned tax increase

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Speaker 10: for the wealthy.

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Speaker 3: Yo.

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Speaker 10: And you know why, people behind the scenes are working

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Speaker 10: the numbers, and there's this gap to tradion dollars.

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Speaker 3: We understand that.

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Speaker 10: And Elon's supposed to bring in a tradeing of waste

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Speaker 10: for ourn abuse.

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Speaker 3: God bless you. We're waiting for it.

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Speaker 10: Howard Lutnik said, I'm going to generate a trellion dollars in.

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Speaker 3: Terriffies.

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Speaker 10: Not so sure that's going to happen, but Novar says

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Speaker 10: it could be one hundred billion this year.

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Speaker 3: Whatever the number is going to be something.

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Speaker 10: Okay, Scott best and those guys got a growth rate

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Speaker 10: in there, and the growth and even with the current

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Speaker 10: tax structure boom, but also the cutting taxes and no

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Speaker 10: tax on tips, supposed to be, no tax on overtime, right,

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Speaker 10: no tax on bonuses, and the big one, no tax

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Speaker 10: on your social security.

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Speaker 3: So that leaves in a bigger gap at the end

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Speaker 3: of the day. You got to close it somehow.

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Speaker 10: And they're talking about for either the top bracket doing

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Speaker 10: what's called a snapback back to I think the thirty

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Speaker 10: nine percent, or setting up a new category of if

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Speaker 10: you make a million bucks a year or more.

439
00:23:36,920 --> 00:23:39,159
Speaker 3: You have a different tax rate. My point.

440
00:23:40,680 --> 00:23:47,000
Speaker 10: In the last forty eight hours, Donald Trump and the

441
00:23:47,040 --> 00:23:51,800
Speaker 10: Republican Party have put forward a plan of not terrorists,

442
00:23:51,840 --> 00:23:53,399
Speaker 10: but an economic plan.

443
00:23:53,600 --> 00:23:55,280
Speaker 3: To revitalize this nation.

444
00:23:57,560 --> 00:24:04,720
Speaker 10: As a major manufacturing superpower, and to revitalize her citizens

445
00:24:05,400 --> 00:24:10,520
Speaker 10: with well paying, meaningful careers.

446
00:24:10,080 --> 00:24:12,679
Speaker 3: Not just jobs careers.

447
00:24:14,080 --> 00:24:16,600
Speaker 10: And that a young person wouldn't have to go to college,

448
00:24:16,600 --> 00:24:20,920
Speaker 10: to an indoctrination center and get some DEI approved degree

449
00:24:21,600 --> 00:24:24,080
Speaker 10: and take out hundreds of thousands of dollars loans that

450
00:24:24,119 --> 00:24:26,040
Speaker 10: you can't pay back because you don't. You can't get

451
00:24:26,040 --> 00:24:28,800
Speaker 10: a job with that crap. You just become part of

452
00:24:28,880 --> 00:24:32,040
Speaker 10: the whiny credential class. They're going to sit around and

453
00:24:32,040 --> 00:24:35,760
Speaker 10: whine all day to Starbucks, look to get into trouble,

454
00:24:39,200 --> 00:24:43,880
Speaker 10: and at the same time understand the fact that the wealthy,

455
00:24:44,040 --> 00:24:47,320
Speaker 10: the top one percent, the top three percent, have got

456
00:24:47,320 --> 00:24:49,400
Speaker 10: to pitch in here and help us cut this deficit.

457
00:24:50,000 --> 00:24:51,840
Speaker 10: You got to back off your lobbyist. You've got to

458
00:24:51,840 --> 00:24:54,600
Speaker 10: sit there and say, hey, these cuts have to happen.

459
00:24:55,480 --> 00:24:58,480
Speaker 3: And if not, and we need more.

460
00:24:58,320 --> 00:25:01,440
Speaker 10: Tax cuts for the working class and middle class, particularly

461
00:25:01,520 --> 00:25:05,159
Speaker 10: no tax on Social Security, then.

462
00:25:05,040 --> 00:25:08,119
Speaker 3: You got to plug the gap. You have to plug

463
00:25:08,160 --> 00:25:08,560
Speaker 3: the gap.

464
00:25:10,840 --> 00:25:13,800
Speaker 10: In forty eight hours, the Republican Party has put in

465
00:25:13,920 --> 00:25:16,679
Speaker 10: let me say this differently, Donald Trump has put in tariffs.

466
00:25:16,920 --> 00:25:20,120
Speaker 10: I haven't seen a big chorus, you know, Mike Johnson

467
00:25:20,320 --> 00:25:21,600
Speaker 10: in the crowd over at the house.

468
00:25:21,680 --> 00:25:25,280
Speaker 3: I haven't really seen a show of force.

469
00:25:25,840 --> 00:25:27,960
Speaker 10: Like you know the time when they want something and

470
00:25:28,000 --> 00:25:29,679
Speaker 10: they want a tax cut for their donors. They all

471
00:25:29,720 --> 00:25:31,520
Speaker 10: get on the Capitol steps and there's like, you know,

472
00:25:32,080 --> 00:25:35,639
Speaker 10: four hundred of them, I guess two hundred and twenty

473
00:25:35,680 --> 00:25:37,639
Speaker 10: of them. They're all up there for a group shot

474
00:25:37,800 --> 00:25:39,919
Speaker 10: like it's for you know, it's the last day of

475
00:25:40,000 --> 00:25:42,800
Speaker 10: third grade and you're getting your class picture. Mike Johnson

476
00:25:42,840 --> 00:25:44,960
Speaker 10: is sitting there, Pollypock's sitting in a big oldhead of

477
00:25:44,960 --> 00:25:51,840
Speaker 10: his smiling that goofball smile. Don't see a big chorus

478
00:25:51,920 --> 00:25:54,119
Speaker 10: coming out for the Terriffs. They're still working through that

479
00:25:54,200 --> 00:25:58,800
Speaker 10: Austrian economics playbook. Wow did Milton Friedman say this? The

480
00:25:59,040 --> 00:26:02,399
Speaker 10: on Ran say this? We got it from And I

481
00:26:02,520 --> 00:26:05,159
Speaker 10: love Rand Paul. He's a good man. He gave you

482
00:26:05,200 --> 00:26:11,960
Speaker 10: the old libertarian Cato Institute Coke. We know we want

483
00:26:11,960 --> 00:26:14,800
Speaker 10: open borders on labor, and we want open borders on capital.

484
00:26:14,880 --> 00:26:15,840
Speaker 3: We want open.

485
00:26:15,600 --> 00:26:17,840
Speaker 10: Borders on product. Get you have a great country. If

486
00:26:17,840 --> 00:26:20,960
Speaker 10: you do that, Ran, they'll be lovely. They'll be lovely.

487
00:26:21,000 --> 00:26:25,439
Speaker 3: Brother. Why is that stuff all coming to Kentucky?

488
00:26:25,520 --> 00:26:29,040
Speaker 10: McConnell, Ran Paul, and I love Rand Paul, but got

489
00:26:29,040 --> 00:26:31,280
Speaker 10: to get his mind right on economics.

490
00:26:32,160 --> 00:26:36,199
Speaker 3: Tax increases for the wealthy on the Bloomberg terminal.

491
00:26:37,359 --> 00:26:40,120
Speaker 10: That means it's kind of a fact, not saying it's

492
00:26:40,160 --> 00:26:42,200
Speaker 10: going to happen, but they're giving him a heads up

493
00:26:42,800 --> 00:26:47,960
Speaker 10: that this thing is in the works. Lordie, Lordie, lordie,

494
00:26:48,200 --> 00:26:52,160
Speaker 10: who to thunk it on a Friday in the war room?

495
00:26:52,240 --> 00:26:55,120
Speaker 10: Short commercial break back in a moment.

496
00:26:59,160 --> 00:27:03,320
Speaker 4: And we'll look absolutely brutal reaction from the markets yesterday,

497
00:27:03,760 --> 00:27:06,560
Speaker 4: and it could easily get a lot worse today because

498
00:27:06,600 --> 00:27:09,840
Speaker 4: we are starting to see the beginning of the retaliation

499
00:27:10,600 --> 00:27:13,560
Speaker 4: and there's no way of putting it. We are sliding

500
00:27:13,640 --> 00:27:16,719
Speaker 4: into a major trade war. And the last time we

501
00:27:16,760 --> 00:27:20,119
Speaker 4: saw anything like this was almost one hundred years ago,

502
00:27:20,480 --> 00:27:22,920
Speaker 4: back in the nineteen thirties, when we had a wave

503
00:27:22,960 --> 00:27:27,040
Speaker 4: of protectionism and populism and patriotism a nice word for

504
00:27:27,119 --> 00:27:31,119
Speaker 4: nationalism that ended very badly. So, frankly, looking back to

505
00:27:31,160 --> 00:27:33,439
Speaker 4: the future right now is a very good guide to

506
00:27:33,480 --> 00:27:37,840
Speaker 4: what's happening. Yeah, absolutely, I mean, essentially, Donald Trump and

507
00:27:37,880 --> 00:27:43,159
Speaker 4: his team is indeed trying to reconfigure the global trading, financial,

508
00:27:43,280 --> 00:27:47,000
Speaker 4: economic and tech system. Can you succeed well, he can

509
00:27:47,000 --> 00:27:50,840
Speaker 4: certainly smash things up dramatically. He's essentially already smashed up

510
00:27:51,160 --> 00:27:55,680
Speaker 4: a very carefully constructed passion of collaboration that was creating

511
00:27:55,680 --> 00:27:58,600
Speaker 4: in the last five decades. And in many ways, we

512
00:27:58,640 --> 00:28:00,600
Speaker 4: are going back to the nineteen thirties, because it's worth

513
00:28:00,640 --> 00:28:03,960
Speaker 4: remembering that when we had the explosion of protectionism in

514
00:28:03,960 --> 00:28:07,240
Speaker 4: the nineteen thirties, that came after another long period of

515
00:28:07,280 --> 00:28:11,400
Speaker 4: globalization before World War One, that went dramatically into reverse

516
00:28:11,520 --> 00:28:15,160
Speaker 4: after that with tragic consequences. So we have to hope

517
00:28:15,200 --> 00:28:17,720
Speaker 4: that history isn't repeating itself this time round. But the

518
00:28:17,800 --> 00:28:19,399
Speaker 4: key boy I want to make, which I covered in

519
00:28:19,440 --> 00:28:22,480
Speaker 4: my book this morning, is that, essentially in my column

520
00:28:22,480 --> 00:28:25,639
Speaker 4: this morning, we're used to analyzing trade through the lens

521
00:28:25,840 --> 00:28:29,960
Speaker 4: of neoliberal economics people like Adam Smith and David Ricardo.

522
00:28:30,720 --> 00:28:33,560
Speaker 4: That doesn't work anymore. We have to go back and

523
00:28:33,600 --> 00:28:36,800
Speaker 4: look at the current policy framework, frankly, using the tools

524
00:28:36,840 --> 00:28:40,080
Speaker 4: from the nineteen thirties. And there's writers economists like Albert

525
00:28:40,120 --> 00:28:43,600
Speaker 4: Hirschman who looked at power politics and bullying, which is

526
00:28:43,680 --> 00:28:46,080
Speaker 4: much more relevant to understanding what's happening today.

527
00:28:47,520 --> 00:28:50,680
Speaker 10: Power Okay, the Financial Times of London. That's Jalli and Ted.

528
00:28:51,920 --> 00:28:55,640
Speaker 10: Wonderful person. She's just wrong about everything. I mean, she's

529
00:28:55,720 --> 00:29:00,400
Speaker 10: bringing on currency, but on this world world real from

530
00:29:00,440 --> 00:29:01,760
Speaker 10: Trump trade.

531
00:29:02,360 --> 00:29:08,920
Speaker 3: Shock, she said, carefully constructed, carefully constructed. You're correct, ma'am,

532
00:29:09,040 --> 00:29:10,160
Speaker 3: carefully constructed.

533
00:29:10,520 --> 00:29:12,880
Speaker 10: In the last four or five decades, did I mention

534
00:29:13,040 --> 00:29:15,680
Speaker 10: we have a twenty five trillion dollar trade deficit?

535
00:29:15,680 --> 00:29:18,720
Speaker 3: Why has that never talked about? The person used to

536
00:29:18,720 --> 00:29:19,360
Speaker 3: talk about.

537
00:29:19,120 --> 00:29:22,240
Speaker 10: That all the time was lou Dobbs, and he said

538
00:29:22,240 --> 00:29:23,920
Speaker 10: the day was coming that you were not going to

539
00:29:23,960 --> 00:29:26,400
Speaker 10: manufacture anything in this country, and working class people were

540
00:29:26,440 --> 00:29:29,200
Speaker 10: going to work three jobs, and you're going to have

541
00:29:29,280 --> 00:29:31,720
Speaker 10: what I don't know, ten fifteen to twenty million men

542
00:29:32,320 --> 00:29:36,360
Speaker 10: not even looking for work anymore. You're gonna be important

543
00:29:36,360 --> 00:29:39,280
Speaker 10: at all, and they're gonna play games like nafta thing.

544
00:29:39,320 --> 00:29:40,760
Speaker 10: Will let it make it right south of the border,

545
00:29:40,840 --> 00:29:48,200
Speaker 10: Mexico's drive it right out. The day's over. This is

546
00:29:49,200 --> 00:29:52,520
Speaker 10: the core of President Trump, of why he ran for

547
00:29:52,640 --> 00:29:57,600
Speaker 10: public office, of why he came back. If he had

548
00:29:57,640 --> 00:30:00,920
Speaker 10: just gone to mar Lago and stayed, played golf and

549
00:30:01,280 --> 00:30:06,880
Speaker 10: bought more golf courses, none of the none of the attacks,

550
00:30:06,960 --> 00:30:08,640
Speaker 10: not they wouldn't try to put him in prison, they

551
00:30:08,640 --> 00:30:10,560
Speaker 10: wouldn't try to get him for insurrection, they wouldn't try

552
00:30:10,560 --> 00:30:13,000
Speaker 10: to bankruptcy, they wouldn't try to bring up these women.

553
00:30:14,000 --> 00:30:17,920
Speaker 3: Over and over again, everything to destroy a man. And

554
00:30:18,800 --> 00:30:19,920
Speaker 3: that only made the.

555
00:30:19,840 --> 00:30:23,040
Speaker 10: Working class and particularly African Americans and Hispanics say, hey, look,

556
00:30:23,880 --> 00:30:26,600
Speaker 10: I see how the system rolls. Why are they coming

557
00:30:26,640 --> 00:30:30,280
Speaker 10: for this guy. I'm not so sure about these policies.

558
00:30:30,360 --> 00:30:31,840
Speaker 10: Let me think them through. And then when he explained

559
00:30:31,880 --> 00:30:34,880
Speaker 10: the policies, people go, Okay, I get it. He's putting

560
00:30:34,880 --> 00:30:37,640
Speaker 10: American workers first, he's putting the American middle class first,

561
00:30:37,680 --> 00:30:41,560
Speaker 10: He's putting the forgotten man and woman. That's why last

562
00:30:41,600 --> 00:30:44,360
Speaker 10: night I played that part of the address from the

563
00:30:44,400 --> 00:30:47,320
Speaker 10: first inauguration. He realized he had unfinished work. That's why,

564
00:30:47,400 --> 00:30:54,400
Speaker 10: like Cincinnatus, the heroic Roman general, he came back to

565
00:30:54,480 --> 00:30:57,600
Speaker 10: do it again in the greatest show of moral courage

566
00:30:57,880 --> 00:30:59,000
Speaker 10: in the history of this nation.

567
00:31:03,320 --> 00:31:07,520
Speaker 3: And now we're in it, folks, And now we're in it.

568
00:31:08,120 --> 00:31:10,120
Speaker 10: And you've got guys over in the Senate right now

569
00:31:10,440 --> 00:31:16,880
Speaker 10: who owe their entire political being to President Trump, their

570
00:31:17,040 --> 00:31:21,600
Speaker 10: entire political being to President Trump, and they're over there

571
00:31:21,640 --> 00:31:25,000
Speaker 10: right now working with Democrats, and Democrats have sold.

572
00:31:24,720 --> 00:31:25,880
Speaker 3: Out the working class?

573
00:31:26,240 --> 00:31:29,280
Speaker 10: Did the twenty twenty four not a wake up call

574
00:31:29,560 --> 00:31:32,120
Speaker 10: to even the Rhino Republicans of what the parties become

575
00:31:32,160 --> 00:31:36,120
Speaker 10: and why you're winning. Let me repeat, we have a

576
00:31:36,160 --> 00:31:38,520
Speaker 10: twenty five trillion dollar trade off it. What does that

577
00:31:38,560 --> 00:31:40,960
Speaker 10: mean that the wealth of this country has gone to

578
00:31:41,040 --> 00:31:46,720
Speaker 10: other places, principally to China, and even there an intermediary

579
00:31:47,440 --> 00:31:49,360
Speaker 10: to go back to the lords of easy money on

580
00:31:49,400 --> 00:31:52,440
Speaker 10: Wall Street that shipped that got the factories over there

581
00:31:52,480 --> 00:31:55,479
Speaker 10: in partnership with the Chinese Countis Party. How's that going

582
00:31:55,560 --> 00:31:58,800
Speaker 10: to look fifty years from now when they look back

583
00:31:58,800 --> 00:32:01,960
Speaker 10: in history. It's the same as the Wall Street guys

584
00:32:01,960 --> 00:32:04,680
Speaker 10: of finance Hitler and the big corporations of financi Sittler.

585
00:32:04,680 --> 00:32:07,760
Speaker 10: Do you think Hitler came out of nowhere? Do you

586
00:32:07,800 --> 00:32:12,000
Speaker 10: think Kitler came out of nowhere? You would be incorrect.

587
00:32:14,520 --> 00:32:18,560
Speaker 10: He had plenty of backing behind the scenes, just like

588
00:32:18,560 --> 00:32:22,400
Speaker 10: the Chinese Counties Party. Another murderous dictatorship has got plenty

589
00:32:22,480 --> 00:32:25,600
Speaker 10: of big money backing and big corporation backing and big

590
00:32:25,600 --> 00:32:30,000
Speaker 10: oligarch backing. And who the SAPs they come after? The

591
00:32:30,000 --> 00:32:32,360
Speaker 10: working class in the United States of America because you've

592
00:32:32,400 --> 00:32:36,920
Speaker 10: been sold out by your elits, sold out by.

593
00:32:36,800 --> 00:32:39,400
Speaker 3: Your elits, and now they have the gall.

594
00:32:39,280 --> 00:32:42,080
Speaker 11: To sit there and go, my million dollar house could

595
00:32:42,080 --> 00:32:44,120
Speaker 11: be a little more expensive because I'm not going to

596
00:32:44,240 --> 00:32:48,560
Speaker 11: use slave labor and I have to buy product from

597
00:32:48,600 --> 00:32:51,720
Speaker 11: here in the United States or America.

598
00:32:51,880 --> 00:32:56,440
Speaker 10: The New York Times article epitomizes the globalist mentality. They

599
00:32:56,640 --> 00:33:03,920
Speaker 10: hate this country, and they particularly hate you full stop.

600
00:33:05,240 --> 00:33:06,560
Speaker 10: Why are they pulling the hair out? And you know,

601
00:33:06,560 --> 00:33:08,719
Speaker 10: Stephanie Rue, I'm talking to these corporates here, screwing these

602
00:33:08,720 --> 00:33:12,360
Speaker 10: corporate CEOs. These CEOs are the same guys that rolled

603
00:33:12,440 --> 00:33:14,720
Speaker 10: over the men and women that rolled over for DEI

604
00:33:15,240 --> 00:33:19,520
Speaker 10: and for getting rid of everybody. Right, if you were

605
00:33:19,520 --> 00:33:23,680
Speaker 10: a Trump supporter, didn't want you. The worst element in

606
00:33:23,720 --> 00:33:29,240
Speaker 10: this country are the corporatist, the globalist corporatist who use

607
00:33:29,360 --> 00:33:32,680
Speaker 10: all the benefits of the United States of America and

608
00:33:32,760 --> 00:33:37,920
Speaker 10: what the little guys provided as far as social stability,

609
00:33:38,720 --> 00:33:41,360
Speaker 10: but don't think anything about giving anything back.

610
00:33:42,680 --> 00:33:43,840
Speaker 3: They only want to be hammers.

611
00:33:43,880 --> 00:33:46,240
Speaker 10: Oh they'll take a commercial, butto take commercial on the

612
00:33:46,440 --> 00:33:49,040
Speaker 10: waven American flag. Have a couple of cowboys on there,

613
00:33:49,800 --> 00:33:51,880
Speaker 10: some good old boys riding a horse and put an

614
00:33:51,880 --> 00:33:55,160
Speaker 10: American flag and put some patriotic music. And the SAPs

615
00:33:55,200 --> 00:33:58,560
Speaker 10: are supposed to buy that. Gosh, they're pro American. And

616
00:33:58,600 --> 00:34:00,800
Speaker 10: guess what, they gave a couple of dollars to a

617
00:34:00,880 --> 00:34:06,880
Speaker 10: veterans a veterans fund. They're patriotic. Gosh, what great Americans.

618
00:34:09,120 --> 00:34:11,879
Speaker 10: Give me a break and let me see how great

619
00:34:11,920 --> 00:34:14,000
Speaker 10: Americans they are. Look at what's happening right here, and

620
00:34:14,040 --> 00:34:18,759
Speaker 10: they say, we're only looking for economic officially, No, no, no,

621
00:34:19,160 --> 00:34:23,959
Speaker 10: you're looking for slave labor and a better deal. Oh hey,

622
00:34:24,680 --> 00:34:28,560
Speaker 10: here's Trump's here's Trump's mantra. The best deals got to

623
00:34:28,600 --> 00:34:32,440
Speaker 10: be for people in this country. You, as citizens, get

624
00:34:32,440 --> 00:34:33,120
Speaker 10: a premium.

625
00:34:33,880 --> 00:34:34,239
Speaker 3: Why not?

626
00:34:35,320 --> 00:34:37,560
Speaker 10: The whole system is on your shoulders, Jilli and Tech

627
00:34:37,560 --> 00:34:39,920
Speaker 10: has told you for the last five decades, we've had

628
00:34:39,960 --> 00:34:41,680
Speaker 10: a system that's you know, working pretty well.

629
00:34:41,760 --> 00:34:42,719
Speaker 3: Yeah, it's working.

630
00:34:42,560 --> 00:34:45,200
Speaker 10: Damn well for the city of London, and damn well

631
00:34:45,239 --> 00:34:48,879
Speaker 10: for Wall Street, and damn well for Singapore, and damn

632
00:34:48,920 --> 00:34:53,000
Speaker 10: well for Frankfurt and these other money centers. It's working

633
00:34:53,000 --> 00:34:56,000
Speaker 10: great for the old Garks and Silicon Valley and the

634
00:34:56,080 --> 00:34:59,680
Speaker 10: mag seven, the mag seven that hyped all this on AI.

635
00:34:59,680 --> 00:35:05,000
Speaker 10: Any Way, their stocks are coming down, and Katie Turr,

636
00:35:06,640 --> 00:35:09,680
Speaker 10: I said yesterday, Katie Tourre spent the entire hour yesterday

637
00:35:09,960 --> 00:35:12,799
Speaker 10: trying to gin up a Kramer moment where Kramer got

638
00:35:12,800 --> 00:35:13,560
Speaker 10: everybody all worked up.

639
00:35:13,600 --> 00:35:14,200
Speaker 3: In two thousand and.

640
00:35:14,160 --> 00:35:16,880
Speaker 10: Eight, you must if you need cash, he told people,

641
00:35:17,160 --> 00:35:20,319
Speaker 10: if you need cash in the next five years, you

642
00:35:20,400 --> 00:35:21,720
Speaker 10: must sell your stocks today.

643
00:35:22,760 --> 00:35:25,160
Speaker 3: The people on the day shall go, what what did

644
00:35:25,200 --> 00:35:26,800
Speaker 3: you just say?

645
00:35:27,520 --> 00:35:30,279
Speaker 10: Katie Terre spent an entire hour on the floor of

646
00:35:30,320 --> 00:35:34,759
Speaker 10: the New York Stock Exchanged yesterday trying to gin up

647
00:35:35,520 --> 00:35:38,880
Speaker 10: with the bonehead Steve Lesman from Columbia Journalism School, never

648
00:35:38,920 --> 00:35:41,080
Speaker 10: traded us, never sat in a pit or traded in

649
00:35:41,080 --> 00:35:46,080
Speaker 10: his life, knows nothing about capital markets are really economics, just.

650
00:35:46,040 --> 00:35:52,400
Speaker 3: A big liver lipped liberal spouting his nonsense.

651
00:35:52,440 --> 00:35:54,480
Speaker 10: They sat there and trying to gin up a route yesterday,

652
00:35:54,520 --> 00:35:57,480
Speaker 10: they tried to gin up a panic. And let me repeat,

653
00:35:58,480 --> 00:36:01,960
Speaker 10: Katie Turur doesn't know the difference preferred stock and livestock.

654
00:36:03,239 --> 00:36:07,440
Speaker 10: And to have her down there shows you how pathetic

655
00:36:08,160 --> 00:36:09,080
Speaker 10: MSNBC is.

656
00:36:12,280 --> 00:36:13,880
Speaker 3: Let's go, Can I play the clip? I want to

657
00:36:13,920 --> 00:36:15,680
Speaker 3: go to listen?

658
00:36:16,040 --> 00:36:19,680
Speaker 10: Judges right, now are trying to They're trying to get

659
00:36:19,680 --> 00:36:22,040
Speaker 10: a contempt charge on Trump. They're trying to stop Trump

660
00:36:22,080 --> 00:36:25,120
Speaker 10: in every aspect, including terrorists, which now they're suing like crazy.

661
00:36:25,560 --> 00:36:27,560
Speaker 3: The judicial insurrection.

662
00:36:27,200 --> 00:36:29,440
Speaker 10: In the United States is the main event of the

663
00:36:29,480 --> 00:36:35,759
Speaker 10: Trump agenda going forward. In Brazil, our great ally Bolsonara

664
00:36:35,880 --> 00:36:40,600
Speaker 10: is on trial for his life for why questioning an election?

665
00:36:41,040 --> 00:36:43,320
Speaker 10: Why do they come after Trump for insurrection, questioning a

666
00:36:43,360 --> 00:36:48,480
Speaker 10: stolen election? Four years in prison for La penn In

667
00:36:48,520 --> 00:36:51,800
Speaker 10: France Romania they threw out the winner's election.

668
00:36:52,080 --> 00:36:53,359
Speaker 3: Nope, can't do it.

669
00:36:54,280 --> 00:36:57,440
Speaker 10: And in South Korea last night they removed the president.

670
00:36:57,480 --> 00:37:00,080
Speaker 10: Now is this guy the greatest guy in human history?

671
00:37:00,120 --> 00:37:05,080
Speaker 10: Probably not, but he's in anti communist, anti CCP, duly

672
00:37:05,120 --> 00:37:08,799
Speaker 10: elected by the South Korean people, and somebody better wake up.

673
00:37:11,360 --> 00:37:13,000
Speaker 10: I would like to have seen Pete, and I realized

674
00:37:13,040 --> 00:37:16,080
Speaker 10: Pete was making the distinction of the three island chains.

675
00:37:16,120 --> 00:37:19,320
Speaker 10: But man, oh man, a stop in South Korea have

676
00:37:19,400 --> 00:37:21,640
Speaker 10: been very important. We got us somehow, some of the

677
00:37:21,680 --> 00:37:24,400
Speaker 10: state department, defense departments, somebody got step up to the

678
00:37:24,400 --> 00:37:29,000
Speaker 10: plate and say, yo, what's the CCP doing here? We

679
00:37:29,120 --> 00:37:31,279
Speaker 10: just went to war with the CCP last night heck,

680
00:37:31,320 --> 00:37:35,279
Speaker 10: they got ships all around Taiwan. Oh, just an exercise,

681
00:37:36,520 --> 00:37:40,200
Speaker 10: totally random. I don't know how that occurred. They punched

682
00:37:40,200 --> 00:37:42,440
Speaker 10: back last night. They're gonna give as good as they get.

683
00:37:42,480 --> 00:37:46,040
Speaker 10: They say, oh trade, good luck with that she as

684
00:37:46,080 --> 00:37:49,680
Speaker 10: your economy melts to the ground. Let's play this clip

685
00:37:49,680 --> 00:37:54,120
Speaker 10: at South Korea, folks, we're not back. We got it back, Bolston,

686
00:37:54,160 --> 00:37:55,040
Speaker 10: and we need to come out.

687
00:37:55,080 --> 00:37:55,239
Speaker 3: First.

688
00:37:55,280 --> 00:37:59,399
Speaker 10: Off that judge or though Ophak ruling on him, and

689
00:37:59,640 --> 00:38:02,560
Speaker 10: cut his visa off, cut his passport, anything he's got

690
00:38:02,600 --> 00:38:04,759
Speaker 10: to the United States, cut it off, seize all.

691
00:38:04,640 --> 00:38:05,680
Speaker 3: Their assets up here.

692
00:38:06,200 --> 00:38:10,080
Speaker 10: Start playing smash mouth with Lula's government and these judges,

693
00:38:10,800 --> 00:38:12,439
Speaker 10: and tell him you ever come to the United States again?

694
00:38:12,440 --> 00:38:12,919
Speaker 3: You ever flying?

695
00:38:12,920 --> 00:38:16,240
Speaker 10: I think he went to the University Texas Dallas, get award.

696
00:38:16,360 --> 00:38:19,400
Speaker 10: We're going to lock you up in South Korea. We

697
00:38:19,480 --> 00:38:29,160
Speaker 10: got a big problem. Let's go and play the clip.

698
00:38:42,520 --> 00:38:45,720
Speaker 12: Cha Chicago.

699
00:38:51,160 --> 00:38:54,239
Speaker 10: You can see it underneath what it's saying. That's in

700
00:38:54,320 --> 00:38:56,959
Speaker 10: the original Korean, and that was live a little while ago.

701
00:38:57,960 --> 00:39:01,279
Speaker 10: Colonel Mills joins us. What it basically said is that

702
00:39:01,320 --> 00:39:03,839
Speaker 10: they've been peaching and removeding from office, and they give

703
00:39:03,880 --> 00:39:05,960
Speaker 10: them X amount of time to get to the presidential palace.

704
00:39:07,400 --> 00:39:09,920
Speaker 10: They rolled on this one hard and they rode fast. Uh,

705
00:39:10,280 --> 00:39:11,960
Speaker 10: Colonel Mills, we got a minute here. I'll hold you

706
00:39:11,960 --> 00:39:14,200
Speaker 10: through the brake. What the hell happened here?

707
00:39:15,760 --> 00:39:19,360
Speaker 13: Well, this is Chinese unrestricted warfare. But more and more importantly,

708
00:39:19,520 --> 00:39:23,799
Speaker 13: this is political warfare. We'd taken our eye off the

709
00:39:23,960 --> 00:39:26,600
Speaker 13: bubble on what's going on, and we also been focused

710
00:39:26,600 --> 00:39:29,400
Speaker 13: on Taiwan while they just took out our right flank.

711
00:39:29,920 --> 00:39:35,359
Speaker 13: And the judges caved eight to zero sustaining the impeachment.

712
00:39:35,400 --> 00:39:36,520
Speaker 3: They had to have six.

713
00:39:36,600 --> 00:39:39,319
Speaker 13: If only two of the four conservative judges had held

714
00:39:39,360 --> 00:39:42,520
Speaker 13: their ground, it would have been it would have been.

715
00:39:42,760 --> 00:39:44,279
Speaker 3: Un back in office.

716
00:39:44,600 --> 00:39:49,040
Speaker 13: But this is this is absolute political warfare. Our experts

717
00:39:49,120 --> 00:39:52,440
Speaker 13: have no clue air quote experts have no clues to

718
00:39:52,480 --> 00:39:53,279
Speaker 13: what's going on.

719
00:39:54,440 --> 00:39:57,359
Speaker 3: This is a total pervasive Chinese Look at that. Look

720
00:39:57,400 --> 00:39:59,840
Speaker 3: at that right there? You saw one of the transgender flag.

721
00:40:00,239 --> 00:40:00,399
Speaker 4: Yeah.

722
00:40:00,520 --> 00:40:04,800
Speaker 13: See, yeah, it's all about the flags. They were waving

723
00:40:04,880 --> 00:40:08,760
Speaker 13: the blue and green common and the transgender antifa communist flag.

724
00:40:09,200 --> 00:40:11,880
Speaker 13: The other side was waving the South Korean and the

725
00:40:11,920 --> 00:40:13,040
Speaker 13: American flag.

726
00:40:13,640 --> 00:40:14,520
Speaker 3: I call it the.

727
00:40:16,760 --> 00:40:18,439
Speaker 10: Yeah, hang on for a second, I'm holding through the break.

728
00:40:18,480 --> 00:40:23,320
Speaker 10: We're not saying you is un is not Ronald Reagan,

729
00:40:24,160 --> 00:40:26,120
Speaker 10: but he was a conservative. He was in there, and

730
00:40:26,440 --> 00:40:27,920
Speaker 10: this thing came out of nowhere. I mean, the other

731
00:40:27,960 --> 00:40:29,839
Speaker 10: guys had kind of been reprieved and this came out

732
00:40:29,840 --> 00:40:35,080
Speaker 10: of nowhere. They moved unanimous, including four conservative judges, but

733
00:40:35,200 --> 00:40:39,680
Speaker 10: the judges just to connect dots. The judges removed the

734
00:40:39,760 --> 00:40:42,160
Speaker 10: sitting president that won a far and square election and

735
00:40:42,239 --> 00:40:46,120
Speaker 10: was complaining about election interference, an election fraud when this

736
00:40:46,160 --> 00:40:50,880
Speaker 10: whole thing started with the martial law incident happened, and

737
00:40:50,920 --> 00:40:55,200
Speaker 10: you're right, with everything around Taiwan, it's time now to

738
00:40:55,320 --> 00:41:01,120
Speaker 10: look at South Korea back in a moment, huge Stephen k.

739
00:41:04,200 --> 00:41:04,799
Speaker 3: In times of.

740
00:41:04,760 --> 00:41:07,000
Speaker 10: Turbulence right now, Gold every couple of days sitting at

741
00:41:07,040 --> 00:41:08,759
Speaker 10: all time high back and off a little bit. And

742
00:41:08,760 --> 00:41:12,520
Speaker 10: I think that's a good sign for how Trump's tariffs

743
00:41:13,040 --> 00:41:15,319
Speaker 10: are playing, and really the resetting of the of the

744
00:41:15,400 --> 00:41:18,080
Speaker 10: geoeconomic order to make sure that we can start to

745
00:41:18,120 --> 00:41:21,839
Speaker 10: work down this trade deficit, because that's where we got

746
00:41:21,840 --> 00:41:22,200
Speaker 10: to get to.

747
00:41:23,840 --> 00:41:25,440
Speaker 3: I'm not sure you're ever going to pay a nickel

748
00:41:26,120 --> 00:41:28,680
Speaker 3: on the face amount of the debt. I'm not seeing it.

749
00:41:29,719 --> 00:41:31,720
Speaker 10: If we can pay the interest without having to increase

750
00:41:31,760 --> 00:41:36,400
Speaker 10: the interest payments. We'll be lucky because the interest is

751
00:41:36,440 --> 00:41:38,520
Speaker 10: not going to explode. I guess it's coming down under

752
00:41:38,560 --> 00:41:41,160
Speaker 10: four percent. It'll help, but the interest, just given the

753
00:41:41,280 --> 00:41:43,480
Speaker 10: scale of the debt, is going to get over three

754
00:41:43,520 --> 00:41:48,640
Speaker 10: and a half dollars gross amount. Birch gold take out

755
00:41:48,640 --> 00:41:50,359
Speaker 10: of your front right now. The first thing you want

756
00:41:50,400 --> 00:41:54,279
Speaker 10: to start with, I think the simplest is text ban

757
00:41:54,400 --> 00:41:56,560
Speaker 10: and B A N and at nine eight nine eight

758
00:41:56,680 --> 00:42:01,239
Speaker 10: ninety get the free bro Sure investing a gold in

759
00:42:03,360 --> 00:42:09,200
Speaker 10: silver in the Era of Trump. The Ultimate Guide. This

760
00:42:09,280 --> 00:42:11,279
Speaker 10: kind of walks you through the basics bang bang bang,

761
00:42:11,640 --> 00:42:14,640
Speaker 10: and then you can get in touch with Philip Patrick

762
00:42:14,680 --> 00:42:17,919
Speaker 10: and the team at Birch Goldheim walking through it. Also,

763
00:42:17,960 --> 00:42:19,560
Speaker 10: the end of the Dollar Empire really wants you to

764
00:42:19,640 --> 00:42:25,520
Speaker 10: read the six free installment Modern monetary Theory. You'll see

765
00:42:25,560 --> 00:42:28,400
Speaker 10: the concept the idea. If you've got two big ideas

766
00:42:28,400 --> 00:42:31,960
Speaker 10: playing that one is monetary theory, which hey, deficits don't matter,

767
00:42:32,600 --> 00:42:33,320
Speaker 10: it doesn't matter.

768
00:42:33,520 --> 00:42:35,960
Speaker 3: Let's just run them up. See how that's working out

769
00:42:36,000 --> 00:42:41,440
Speaker 3: for us. The other big theory is unitary executive.

770
00:42:41,560 --> 00:42:45,040
Speaker 10: That would be Donald Trump Chief Executive Commander in Chief,

771
00:42:46,360 --> 00:42:49,239
Speaker 10: Chief Magistrate and Law enforced Chief law enforcement officer of

772
00:42:49,239 --> 00:42:53,760
Speaker 10: the United States Government. We're battling that one every day

773
00:42:54,480 --> 00:42:56,560
Speaker 10: in a federal court. So make sure you go to

774
00:42:56,640 --> 00:42:59,400
Speaker 10: birch Gold dot com slash Bannett, get in touch with

775
00:42:59,440 --> 00:43:01,440
Speaker 10: Philip Patrick team. Those are guys you need to talk to.

776
00:43:01,640 --> 00:43:04,680
Speaker 10: And what you want to discuss is physical gold.

777
00:43:05,600 --> 00:43:06,120
Speaker 3: You want it.

778
00:43:06,160 --> 00:43:09,040
Speaker 10: Where you put it is your choice, but you want

779
00:43:09,040 --> 00:43:12,560
Speaker 10: to have it and have access to it now more

780
00:43:12,640 --> 00:43:16,400
Speaker 10: than ever. So John Mills, tell me, give me the

781
00:43:16,400 --> 00:43:20,080
Speaker 10: solution here. It's sixty days. We had years to plot

782
00:43:20,160 --> 00:43:24,279
Speaker 10: and plan the return. They've got sixty They dropped this

783
00:43:24,320 --> 00:43:26,200
Speaker 10: thing on them right away. It sounds like this thing's

784
00:43:26,239 --> 00:43:30,160
Speaker 10: totally rigged and cooked. But hey, I'm just an outside observer.

785
00:43:30,880 --> 00:43:34,360
Speaker 10: So starting now, sixty days from today, they will have

786
00:43:34,400 --> 00:43:35,520
Speaker 10: a new presidential election.

787
00:43:37,000 --> 00:43:41,080
Speaker 13: This get take a deep breath, get take a day

788
00:43:41,160 --> 00:43:43,520
Speaker 13: or two of rest, and then get back on the

789
00:43:43,640 --> 00:43:45,239
Speaker 13: ramparts South Koreans.

790
00:43:45,719 --> 00:43:47,920
Speaker 3: What they're trying to do is destroy hope.

791
00:43:47,960 --> 00:43:50,480
Speaker 13: And I've been watching so much social media from the

792
00:43:50,520 --> 00:43:51,640
Speaker 13: South Koreans.

793
00:43:51,440 --> 00:43:53,279
Speaker 3: It's what we went through.

794
00:43:53,120 --> 00:43:57,480
Speaker 13: Initially after January sixth January twentieth, it's over.

795
00:43:57,640 --> 00:43:59,959
Speaker 3: There's nothing we can do. We'll never have a free

796
00:44:00,080 --> 00:44:00,759
Speaker 3: election ever.

797
00:44:00,920 --> 00:44:04,520
Speaker 13: Again, that's what they're trying to do is destroy hope,

798
00:44:04,719 --> 00:44:05,720
Speaker 13: destroy hope.

799
00:44:06,600 --> 00:44:08,799
Speaker 3: Hey, just like us, shake.

800
00:44:08,600 --> 00:44:11,319
Speaker 13: It off, get back in the game, get back on

801
00:44:11,400 --> 00:44:12,040
Speaker 13: the ramparts.

802
00:44:12,120 --> 00:44:14,680
Speaker 3: Let's show these three slides real quick. But he's the

803
00:44:14,680 --> 00:44:18,160
Speaker 3: first one, and just for un in the center.

804
00:44:18,480 --> 00:44:22,120
Speaker 13: You know, you're right, Steve, he was not Reagan or Trump,

805
00:44:22,239 --> 00:44:25,319
Speaker 13: but he was a good first try. It's just not

806
00:44:25,360 --> 00:44:27,720
Speaker 13: in the DNA of the Conservatives. But they came together

807
00:44:28,000 --> 00:44:31,520
Speaker 13: under un. Now it's Han is the president. He's been

808
00:44:31,560 --> 00:44:34,400
Speaker 13: reinstated because he was impeached also, but that would overturn.

809
00:44:35,640 --> 00:44:38,799
Speaker 13: So Han's not, you know, a super duper. He's more like,

810
00:44:38,880 --> 00:44:41,120
Speaker 13: kind of excuse me, a Mitt Romney.

811
00:44:41,520 --> 00:44:44,120
Speaker 3: But there's others. But Lee is on the left.

812
00:44:44,280 --> 00:44:49,080
Speaker 13: He is a communists again, he calls us occupiers. Those

813
00:44:49,120 --> 00:44:51,520
Speaker 13: are fighting words. Let's go to the next slide. Please,

814
00:44:52,200 --> 00:44:57,919
Speaker 13: this is really what happened. Our air quote experts were asleep.

815
00:44:58,440 --> 00:45:01,640
Speaker 13: They were focused on the North Koreaan penetration of the

816
00:45:01,640 --> 00:45:05,919
Speaker 13: society that went away ten fifteen years ago. And we've

817
00:45:05,960 --> 00:45:11,440
Speaker 13: talked about unrestricted warfare. The tip of the armor piercing shell.

818
00:45:11,760 --> 00:45:17,359
Speaker 13: In China's unrestricted warfare is political warfare, which we have.

819
00:45:18,000 --> 00:45:20,680
Speaker 3: Our capability went away in the fifties. For that.

820
00:45:21,600 --> 00:45:26,239
Speaker 13: The Chinese commonists have totally penetrated the South Korean government, society,

821
00:45:26,320 --> 00:45:31,680
Speaker 13: and the election processes. The National Election Commission, the Association

822
00:45:31,760 --> 00:45:36,840
Speaker 13: of World ECONOT World Election Bureaus had USA bumper stickers

823
00:45:36,840 --> 00:45:42,239
Speaker 13: all over their website. Things that shocked me was drug liberalization.

824
00:45:42,640 --> 00:45:43,600
Speaker 3: I was shocked.

825
00:45:43,600 --> 00:45:46,520
Speaker 13: I didn't realize what had gone on in South Korea. Hey,

826
00:45:47,400 --> 00:45:49,719
Speaker 13: I know we have libertarians watching the show. I know

827
00:45:49,760 --> 00:45:52,560
Speaker 13: we have the old aunt Sally needs it because of

828
00:45:52,600 --> 00:45:55,920
Speaker 13: her cancer. This is the camel's net. This is for

829
00:45:56,040 --> 00:46:00,719
Speaker 13: destabilization of society. The LGBTQ advocate to see. I call

830
00:46:00,760 --> 00:46:05,879
Speaker 13: it the Colorado strategy. This is how Colorado was undermined.

831
00:46:06,440 --> 00:46:08,560
Speaker 13: Its same game. But what we need we need an

832
00:46:08,640 --> 00:46:13,400
Speaker 13: ambassador over there, just like our two highest ambassadorial priorities,

833
00:46:13,680 --> 00:46:17,439
Speaker 13: South Korea and the Bahamas. South Korean. The Bahamas got

834
00:46:17,520 --> 00:46:20,000
Speaker 13: sixty days, got to get it together. And you know

835
00:46:20,080 --> 00:46:23,440
Speaker 13: they have three different folks. They got on who's in

836
00:46:23,480 --> 00:46:27,760
Speaker 13: the National Assembly, Kim, who's the labor minister, Hang, who's.

837
00:46:27,560 --> 00:46:32,239
Speaker 3: The mayor of Degu. These are more toward hardcore populous.

838
00:46:33,440 --> 00:46:35,240
Speaker 3: We got to get together in sixty days.

839
00:46:35,280 --> 00:46:38,960
Speaker 13: And I know the South Koreans and the Wu Maus

840
00:46:39,000 --> 00:46:43,080
Speaker 13: have been all over social media, all over social media.

841
00:46:43,400 --> 00:46:45,520
Speaker 3: For the South Korean Our brothers and sisters of South

842
00:46:45,600 --> 00:46:46,239
Speaker 3: Korea will be.

843
00:46:46,239 --> 00:46:49,920
Speaker 10: All over this like Brazil. And there's action happening on Brazil.

844
00:46:50,000 --> 00:46:52,319
Speaker 10: We can't talk about now, but things are happening. And

845
00:46:52,719 --> 00:46:54,960
Speaker 10: the South Koreans say, I've spent so much time there

846
00:46:55,000 --> 00:46:59,120
Speaker 10: as a naval officer and later as a financier and

847
00:46:59,200 --> 00:46:59,800
Speaker 10: a businessman.

848
00:47:00,280 --> 00:47:02,680
Speaker 3: Uh, and they are just great people, I mean, great people.

849
00:47:02,880 --> 00:47:05,120
Speaker 3: It is a.

850
00:47:04,160 --> 00:47:08,520
Speaker 10: Amazing country, amazing people. Uh. And they're a great ally,

851
00:47:08,760 --> 00:47:11,480
Speaker 10: I mean, and they are an aw I. Now we've

852
00:47:11,520 --> 00:47:13,839
Speaker 10: got some issues on trade, but hey, we'll work all

853
00:47:13,840 --> 00:47:16,240
Speaker 10: that out. But right now, with all the focuses on Taiwan,

854
00:47:16,520 --> 00:47:20,880
Speaker 10: the CCP, this is one million percent back by the

855
00:47:20,960 --> 00:47:24,520
Speaker 10: Chinese Counties Party. And you've got some radical elements over there,

856
00:47:24,800 --> 00:47:26,920
Speaker 10: some radical elements just like we have here. This is

857
00:47:26,960 --> 00:47:30,319
Speaker 10: like a color revolution. Color revolution comes career, Colonel Mills.

858
00:47:30,360 --> 00:47:33,120
Speaker 10: You're putting up stuff all day, John, Where do they

859
00:47:33,120 --> 00:47:34,480
Speaker 10: go to get all your information.

860
00:47:36,120 --> 00:47:37,000
Speaker 3: Thank you, Steve.

861
00:47:37,400 --> 00:47:41,799
Speaker 13: Colonel Rhett John to Colonel rit John two on X

862
00:47:42,239 --> 00:47:47,040
Speaker 13: Colonel rit John. Colonel Rhet John on substack, Colonel rit

863
00:47:47,200 --> 00:47:49,880
Speaker 13: John on substack, also on Getter and Truth.

864
00:47:49,960 --> 00:47:54,040
Speaker 3: Thank you Steve, Thank you brother. Okay, the right stuff

865
00:47:54,120 --> 00:47:56,760
Speaker 3: is going to take us out. What a week.

866
00:47:58,280 --> 00:48:04,400
Speaker 10: Taking on China, restructuring the world's economy, securing the southern border,

867
00:48:05,200 --> 00:48:07,120
Speaker 10: shipping bad guys out of here, to porting the bad

868
00:48:07,160 --> 00:48:10,920
Speaker 10: guys out of here, working through the one Big beautiful,

869
00:48:11,600 --> 00:48:18,439
Speaker 10: one big Beautiful Bill and Bloomberg's reporting. Guess what progressives

870
00:48:18,440 --> 00:48:20,960
Speaker 10: and liberals doing something you have never done, and that

871
00:48:21,120 --> 00:48:24,120
Speaker 10: is raising taxes on the wealthy to help pay for

872
00:48:24,160 --> 00:48:30,799
Speaker 10: this mess. The President Trump's down now in Durrell with

873
00:48:30,880 --> 00:48:33,879
Speaker 10: the Live Golf Tour. His biggest deal, I think gets

874
00:48:33,880 --> 00:48:37,560
Speaker 10: announced on the eve of Augusta National The Masters next week,

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00:48:37,920 --> 00:48:40,960
Speaker 10: where President Trump has brought together and saved the PGA

876
00:48:41,080 --> 00:48:43,120
Speaker 10: Tour and Live and put them both together in an

877
00:48:43,160 --> 00:48:49,480
Speaker 10: overall structure that the Justice Department will approve President Trump

878
00:48:49,640 --> 00:48:53,959
Speaker 10: doing deals at Durrell. Short break back in the worm

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00:48:53,960 --> 00:48:54,440
Speaker 10: in a moment